Steorn's perpetual motion claims are extraordinary. They've raised millions from investors, and 2007 is the year that this will all change the world or Steorn will fall apart. Which will it be? Find out here first.

25 comments:

That's funny.. ahhh ha ha.. I guess I can only laugh because I HAVE SEEN ORBO WORKING!! Wired are full of it. Demo 08 is going to knock Wired and everyone else into a catatonic state of amazement. When they announced in the SPDC2 that there is a new March08 demo I bought 2,000 more shares. I'm already shopping for super yachts and a private jet, life is grand!

Staff: The Earth is dying Sean, like can't we just invite 60minutes over for a full segment on Orbo? They can bring a few scientists to see that it's the real deal and all that?

Sean: No! We must achieve validation or no one will believe we have free energy and can save the world!

Staff: Umm.. dude, like that is what we are saying.. bring 60minutes over and they'll do a full story and investigation, we'll be validated in a half a day. I mean, the world is dying dude, people are starving to death, babies in Africa need water.. We can validate on TV and start saving the planet and the human race.

In fairness it is amusing the way Steorn have continued operating as a company long after their claim has been debunked by the entire sane civilized world. They have been castigated by the scientific world and yet they soldier on. The investors are so embarrassed as to do nothing about it. They would rather lose their investment than their credibility by going to court to recover pennies on the pound. What alternative has Steorn? None, just continue until the money runs out and that could be at least 1-2 years from now.

The investors are so embarrassed as to do nothing about it. They would rather lose their investment than their credibility by going to court to recover pennies on the pound.

It seems to me that the investors, all of them, rich or not so rich, would want to make sure that everybody knew what a bunch of screwups Steorn were. They would want that much 'justice' at least.

And the investors that aren't so rich would want a piece of Steorn's property to get back some of what they had lost, and would make sure that the place was closed down and the assets sold, and that they collected what they could of the proceeds.

And all of this would be public and we would know about it.

What alternative has Steorn? None, just continue until the money runs out and that could be at least 1-2 years from now.

I thought they were just about at the end of the money they had. That's what the 'experts' here have been saying anyway. But you are stretching it out since the expected end of Steorn hasn't happened yet, is that it?

After the July demo mess, if Steorn hasn't closed or been put into some legal proceedings by the investors, it must be because the investors still believe in them. Sean must have done some very convincing talking and demoing to the investors since July.

All they did was buy Steorn Stock. While they probably did it because of "Orbo" all they own is stock in an information security company that isn't doing very well. There is no legal avenue opened to them to recover their money.

If Steorn had formed a new company and marketed the shares of that new company based on the firm statement that Steorn had a proven technology that produced free energy then the investors of that new company MIGHT be able to establish fraud. As it is now all they (the investors) own is stock in an information security company based in Dublin, Ireland…that’s it.

There will never be any legal action taken against Steorn, there is no legal recourse available to the investors in Steorn. The ONLY way would be to prove that officers of Steorn where illegally converting investors money for their own personal use, accounting malfeasants, or any form of corporate fraud. Unfortunately for the investors that does not cover salary, bonuses and incentives, or benefits. I don’t think Steorn is stupid enough to do any of this. They have been very smart so far and I expect they continue to be smart.

All one has to do is look at public records. Steorn was failing financially and because of the “free energy” claim Steorn was able to sell shares of stock and raise cash. The investors signed disclosures indemnifying Steorn and its officers for any failure of the “technology”. That cash has allowed Steorn to operate for few years…that’s all.

There is no data to either not know, distort or ignore. If Steorn had published useful data that could be reviewed and could show unequivacably that OU was possible and coupled that with a working device none of what has happened over the last year would have taken place the way it has. That is the point that the believers seem to gloss over.

It is in their best interests to paint skeptics as the evil doers which is completely irrelevant to Steorn's claims. They also gloss over the fact that McCarthy himself has said repeatedly that if he were faced with this claim from afar he would not believe it without proper thermodynamic testing in a controlled environment. Something none of the skeptics have at their disposal.

The believers are making skeptics out to be bogey men for the sake of supporting their own beliefs.

After four and half years, considerable amount of press and money spent the only people who truly believe Steorn's claims are Babcat, 007 and Eman and none of them have any credibility whatsoever. If they were true scientists who had done extensive testing and seen a working device then it would be a different story but they are as far from that type of individual as shit is from shinola.

1. They do not know what Sean Says,2. They ignore what Sean Says3. They distort what Sean Says to make it conform to their heathen beliefs and idolatrous worship of the false god of Science. Sean is the true God and "Sean Says" is the word of Sean, all praise to Sean, cast all scientists to damnation. Lemme me hear an "Amen"

Steorn's proudest achievement by far is the great work done in Africa, the non working pumps.

Sean is completely unique, in a bid to become a great scientist / businessman he has reversed roles and become a philanthropist first. This perceptive tactic should eventually lead to a reverse engineered OU device.

God Bless John Rockefeller, Joseph Rowntree, George Soros, Andrew Carnegie and now Sean McCarthy of Steorn. You know, eventually we will just be saying Sean McCarthy.

Actually, I withdraw my statement. Looks like 15-India-Street misread the new document. The new investor he identifies is a "Mr. Drumconrath," but there is no such person on the allocation of shares document. Drumconrath is the entry in the next column over, the address of the person in question. The actual name of that investor already exists in the spreadsheet.

Good point-- no delusion there. Probably no delusion about Orbo either. Nobody can be *so* dumb or deluded as to make Sean's claims and then show up at an large and elaborate demo with that pitiful junk they had.

Thicket said... Of course, this is further proof that Sean's statement of 'no new investment' was an outright lie. It's wasn't a mistake, delusion or some funky accounting fantasy. It was a bare-faced lie.

Three existing shareholders paid Euro 1.084.293 for just 661 shares, setting a new valuation record for the Steorn shares of over Euro 1640 each. Together these three investors have funded Steorn since 2005 with more than 9 million Euro (almost 60% of all Steorn funding). With this new investment Steorn can extend it's life by at least three months.

These new 661 shares represent about 0.5% of the total number of Steorn shares. The combined number of shares of Sean McCarthy and Micheal Daly is below 60% now, but they still have a solid majority. With the latest valuation of Euro 1640 the combined paper value of the two Steorn directors has risen beyond 120 million Euro.

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